Origin Bancorp, Inc.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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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.
FY2025 · Filed Feb 25, 2026
OBK$54.24+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net income | $75,197 | $76,492 | $83,800 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 46,284 | 7,448 | 16,753 |
| Depreciation and amortization | 16,808 | 16,800 | 17,628 |
| Net amortization on securities | 1,135 | 4,807 | 6,889 |
| Amortization (accretion) of net premium/discount on purchased loans | 91 | (2) | (2,023) |
| Amortization of investments in tax credit funds | 1,165 | 1,749 | 1,842 |
| Loss on sale of securities, net | 14,448 | 14,799 | 11,635 |
| Equity method investment loss (gain) | 1,192 | (519) | (405) |
| Deferred income tax (benefit) expense | (4,520) | (1,467) | 27,714 |
| Stock-based compensation expense | 8,263 | 7,166 | 5,281 |
| Originations of mortgage loans held for sale | (149,037) | (197,577) | (187,088) |
| Proceeds from mortgage loans held for sale | 158,172 | 185,339 | 158,357 |
| Gain on mortgage loans held for sale (including origination of MSR for the year ended December 31, 2023) | (3,892) | (4,928) | (3,819) |
| MSR asset valuation adjustment | — | (450) | 4,089 |
| Gain on sale of MSR asset | — | (410) | — |
| Net (gain) loss on disposals of premises and equipment | (85) | (878) | 2 |
| Increase in the cash surrender value of life insurance | (1,136) | (935) | (865) |
| Employee Retention Credit received | 1,863 | — | — |
| Gain on equity securities without a readily determinable fair value | (6,972) | (5,188) | (10,096) |
| Net loss (gain) on sales and write-downs of other real estate owned | 796 | (67) | (66) |
| Net change in operating leases | 876 | 1,869 | (770) |
| Increase in other assets | (6,827) | (555) | (6,222) |
| Increase in other liabilities | 5,097 | 4,988 | 7,285 |
| Net cash provided by operating activities | 158,918 | 108,481 | 129,921 |
| Cash flows from investing activities: | |||
| Purchases of securities available for sale | (834,936) | (247,387) | (10,981) |
| Maturities and pay downs of securities available for sale | 621,854 | 166,818 | 137,815 |
| Proceeds from sales and calls of securities available for sale | 248,621 | 231,199 | 291,189 |
| Maturities, pay downs and calls of securities held to maturity | 534 | 522 | 486 |
| Pay downs of securities carried at fair value | 315 | 299 | 285 |
| Redemption of non-marketable equity securities held in other financial institutions (1) | 11,800 | 10,680 | — |
| Purchase of non-marketable equity securities held in other financial institutions (1) | (12,415) | (21,302) | — |
| Net (purchases) redemptions of non-marketable equity securities held in other financial institutions (1) | (615) | (10,622) | 23,980 |
| Originations of mortgage warehouse loans | (10,246,114) | (9,705,580) | (6,470,400) |
| Proceeds from pay-offs of mortgage warehouse loans | 10,066,413 | 9,686,466 | 6,425,300 |
| Net decrease (increase) in loans, excluding mortgage warehouse and loans held for sale | 41,892 | 106,877 | (499,558) |
| Purchase of other intangibles | (2,500) | — | — |
| Proceeds from sale of the MSR asset | — | 15,885 | — |
| Proceeds from bank-owned life insurance | 250 | — | — |
| Return of capital and other distributions from equity method investments | 595 | 1,374 | 1,757 |
| Return of capital and other distributions from cost method investments | 57 | — | — |
| Capital calls on limited partnership investments | (4,424) | (1,082) | (2,644) |
| Purchase of low-income housing tax credit investments | (927) | (664) | (572) |
| Purchases of premises and equipment | (7,866) | (22,047) | (26,830) |
Consolidated Statements of Cash Flows - Continued
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Proceeds from sales of premises and equipment | 125 | 5,568 | 49 |
| Proceeds from sales of other real estate owned | 3,041 | 4,434 | 93 |
| Purchase of equity method investment | — | (800) | — |
| Proceeds from termination of cash flow hedge | — | 680 | — |
| Net cash (used in) provided by investing activities | (113,685) | 231,940 | (130,031) |
| Cash flows from financing activities: | |||
| Net increase (decrease) in deposits | $84,127 | $(28,005) | $475,423 |
| Repayments of long-term FHLB advances | (285) | (275) | (266) |
| Proceeds from short-term FHLB advances | 1,440,000 | 1,685,000 | 6,065,000 |
| Repayments of short-term FHLB advances | (1,440,000) | (1,755,000) | (6,545,000) |
| Maturities of subordinated indebtedness | — | — | (2,625) |
| Redemption/Repurchase of subordinated indebtedness | (148,258) | (34,599) | (4,729) |
| Repayments of other short-term borrowings | (116,724) | — | (30,000) |
| Proceeds from other short-term borrowings | 116,724 | — | — |
| Net increase (decrease) in securities sold under agreements to repurchase | 6,875 | (863) | (20,797) |
| Dividends paid | (18,872) | (18,745) | (18,567) |
| Cash received from exercise of stock options | 954 | 1,874 | 3,140 |
| Common stock repurchased | (15,806) | — | — |
| Net cash used in financing activities | (91,265) | (150,613) | (78,421) |
| Net (decrease) increase in cash and cash equivalents | (46,032) | 189,808 | (78,531) |
| Cash and cash equivalents at beginning of year | 470,249 | 280,441 | 358,972 |
| Cash and cash equivalents at end of year | $424,217 | $470,249 | $280,441 |
| Interest paid | $211,764 | $268,459 | $215,479 |
| Income taxes paid, total | 34,481 | 24,171 | 383 |
| Federal | 32,037 | N/A | N/A |
| State | 2,444 | N/A | N/A |
| Significant non-cash transactions: | |||
| Unsettled liability for investment purchases recorded at trade date | — | (5) | — |
| Real estate acquired in settlement of loans | 1,146 | 3,576 | 3,243 |
| Real estate transferred from fixed assets to other real estate owned | — | 894 | — |
| Transfers from other real estate owned to other assets | 194 | — | — |
| Transfers from loans held for sale to loans held for investment (1) | 213 | 18,596 | — |
| Decrease in Government National Mortgage Association repurchase obligation | — | — | (24,569) |
| Transfer from non-marketable securities held in other financial institutions to equity method investments | 41,590 | — | — |
| Recognition of operating right-of-use assets | 4,777 | 11,454 | 20,568 |
| Recognition of operating lease liabilities | 5,261 | 12,659 | 20,653 |
| Impairment of right-of-use assets due to branch closures | (332) | — | — |
(1)No change was made to the December 31, 2024, prior period presentation due to immateriality.
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