Origin Bancorp Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
OBK$53.78+1.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income for the three months ended March 31, 2024 and 2023, (unaudited)
Consolidated Statements of Income
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Interest and dividend income | ||
| Interest and fees on loans | $127,186 | $106,496 |
| Investment securities-taxable | 6,849 | 8,161 |
| Investment securities-nontaxable | 910 | 1,410 |
| Interest and dividend income on assets held in other financial institutions | 3,756 | 4,074 |
| Total interest and dividend income | 138,701 | 120,141 |
| Interest expense | ||
| Interest-bearing deposits | 62,842 | 34,557 |
| FHLB advances and other borrowings | 518 | 5,880 |
| Subordinated indebtedness | 2,018 | 2,557 |
| Total interest expense | 65,378 | 42,994 |
| Net interest income | 73,323 | 77,147 |
| Provision for credit losses | 3,012 | 6,197 |
| Net interest income after provision for credit losses | 70,311 | 70,950 |
| Noninterest income | ||
| Insurance commission and fee income | 7,725 | 7,011 |
| Service charges and fees | 4,688 | 4,571 |
| Other fee income | 2,247 | 1,974 |
| Mortgage banking revenue | 2,398 | 1,781 |
| Swap fee income | 57 | 384 |
| (Loss) gain on sales of securities, net | (403) | 144 |
| Other income | 543 | 519 |
| Total noninterest income | 17,255 | 16,384 |
| Noninterest expense | ||
| Salaries and employee benefits | 35,818 | 33,731 |
| Occupancy and equipment, net | 6,645 | 6,503 |
| Data processing | 3,145 | 2,916 |
| Office and operations | 2,502 | 2,303 |
| Intangible asset amortization | 2,137 | 2,553 |
| Regulatory assessments | 1,734 | 951 |
| Advertising and marketing | 1,444 | 1,456 |
| Professional services | 1,231 | 1,525 |
| Loan-related expense | 905 | 1,465 |
| Electronic banking | 1,239 | 1,009 |
| Franchise tax expense | 477 | 975 |
| Other expense | 1,430 | 1,373 |
| Total noninterest expense | 58,707 | 56,760 |
| Income before income tax expense | 28,859 | 30,574 |
| Income tax expense | 6,227 | 6,272 |
| Net income | $22,632 | $24,302 |
| Basic earnings per common share | $0.73 | $0.79 |
| Diluted earnings per common share | 0.73 | 0.79 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.