Origin Bancorp Inc

For the period ended Dec 31, 2023. Filed Feb 28, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 28, 2024

OBK$54.24+0.9%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

	Years Ended December 31,
	2023	2022	2021
Interest and dividend income
Interest and fees on loans	$466,815	$286,150	$218,781
Investment securities-taxable	31,682	27,795	14,555
Investment securities-nontaxable	5,098	7,172	6,337
Interest and dividend income on assets held in other financial institutions	19,796	5,487	1,983
Total interest and dividend income	523,391	326,604	241,656
Interest expense
Interest-bearing deposits	196,457	33,509	13,418
FHLB advances and other borrowings	17,258	9,411	4,654
Subordinated indebtedness	10,119	8,406	7,332
Total interest expense	223,834	51,326	25,404
Net interest income	299,557	275,278	216,252
Provision for credit losses	16,753	24,691	(10,765)
Net interest income after provision for credit losses	282,804	250,587	227,017
Noninterest income
Insurance commission and fee income	25,085	22,869	13,098
Service charges and fees	18,803	17,669	15,049
Mortgage banking revenue	3,356	6,722	12,927
Other fee income	3,871	3,530	2,879
Swap fee income	1,277	457	814
(Loss) gain on sales of securities, net	(11,635)	1,664	1,748
Limited partnership investment (loss) income	405	(199)	5,701
Gain (loss) on sales and disposals of other assets, net	64	(175)	(185)
Change in fair value of equity investments	10,096	—	—
Other income	7,013	4,737	10,162
Total noninterest income	58,335	57,274	62,193

Consolidated Statements of Income - Continued

	Years Ended December 31,
	2023	2022	2021
Noninterest expense
Salaries and employee benefits	$138,819	$118,971	$93,026
Occupancy and equipment, net	26,783	20,203	17,347
Data processing	11,590	10,456	9,117
Intangible asset amortization	9,628	5,488	844
Office and operations	10,834	8,120	6,399
Professional services	5,931	3,813	3,644
Loan-related expenses	5,035	6,097	7,688
Advertising and marketing	5,986	4,431	3,438
Electronic banking	4,712	3,958	3,563
Franchise tax expense	3,334	3,582	2,538
Regulatory assessments	6,456	3,547	2,904
Communications	1,527	1,246	1,574
Merger-related expense	—	6,171	—
Other expenses	4,581	4,336	4,697
Total noninterest expense	235,216	200,419	156,779
Income before income tax expense	105,923	107,442	132,431
Income tax expense	22,123	19,727	23,885
Net income	$83,800	$87,715	$108,546
Basic earnings per common share	$2.72	$3.29	$4.63
Diluted earnings per common share	2.71	3.28	4.60

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.