Origin Bancorp Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
OBK$54.24+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONSOLIDATED FINANCIAL STATEMENTS Consolidated Balance Sheets
Consolidated Balance Sheets
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Assets | ||
| Cash and due from banks | $127,278 | $150,180 |
| Interest-bearing deposits in banks | 153,163 | 208,792 |
| Total cash and cash equivalents | 280,441 | 358,972 |
| Securities: | ||
| Available for sale | 1,253,631 | 1,641,484 |
| Held to maturity, net allowance for credit losses of $63 and $899 at December 31, 2023, and December 31, 2022, respectively (fair value of $10,848 and $11,970 at December 31, 2023, and December 31, 2022, respectively) | 11,615 | 11,275 |
| Securities carried at fair value through income | 6,808 | 6,368 |
| Total securities | 1,272,054 | 1,659,127 |
| Non-marketable equity securities held in other financial institutions | 55,190 | 67,378 |
| Loans held for sale ($16,852 and $25,389 at fair value at December 31, 2023, and December 31, 2022, respectively) | 16,852 | 49,957 |
| Loans, net of allowance for credit losses of $96,868 and $87,161 at December 31, 2023, and December 31, 2022, respectively | 7,564,076 | 7,002,861 |
| Premises and equipment, net | 118,978 | 100,201 |
| Mortgage servicing rights | 15,637 | 20,824 |
| Cash surrender value of bank-owned life insurance | 39,905 | 39,040 |
| Goodwill | 128,679 | 128,679 |
| Other intangible assets, net | 45,452 | 49,829 |
| Accrued interest receivable and other assets | 185,320 | 209,199 |
| Total assets | $9,722,584 | $9,686,067 |
| Liabilities and Stockholders’ Equity | ||
| Noninterest-bearing deposits | $1,919,638 | $2,482,475 |
| Interest-bearing deposits | 4,918,597 | 4,505,940 |
| Time deposits | 1,412,890 | 787,287 |
| Total deposits | 8,251,125 | 7,775,702 |
| Federal Home Loan Bank (“FHLB”) advances, repurchase obligations and other borrowings | 83,598 | 639,230 |
| Subordinated indebtedness, net | 194,279 | 201,765 |
| Accrued expenses and other liabilities | 130,677 | 119,427 |
| Total liabilities | 8,659,679 | 8,736,124 |
| Commitments and contingencies - See Note 18 — Commitments and Contingencies | — | — |
| Stockholders’ equity: | ||
| Preferred stock, no par value, 2,000,000 shares authorized | — | — |
| Common stock ($5.00 par value; 50,000,000 shares authorized; 30,986,109 and 30,746,600 shares issued at December 31, 2023, and December 31, 2022, respectively) | 154,931 | 153,733 |
| Additional paid‑in capital | 528,578 | 520,669 |
| Retained earnings | 500,419 | 435,416 |
| Accumulated other comprehensive loss | (121,023) | (159,875) |
| Total stockholders’ equity | 1,062,905 | 949,943 |
| Total liabilities and stockholders’ equity | $9,722,584 | $9,686,067 |
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