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Condensed Parent Company Only Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets | Financial statements of Origin Bancorp, Inc. (parent company only) are as follows:
(Dollars in thousands) | December 31, |  |
Condensed Balance Sheets | 2021 |  | 2020 |  |
Assets |  |  |  |  |
Cash and cash equivalents | $ | 28,904 |  |  | $ | 42,908 |  |  |
Investment in affiliates/subsidiaries | 774,840 |  |  | 684,410 |  |  |
Other assets | 16,343 |  |  | 10,198 |  |  |
Total assets | $ | 820,087 |  |  | $ | 737,516 |  |  |
Liabilities and Stockholders' Equity |  |  |  |  |
Subordinated indebtedness, net | $ | 88,405 |  |  | $ | 88,258 |  |  |
Accrued expenses and other liabilities | 1,471 |  |  | 2,108 |  |  |
Total liabilities | 89,876 |  |  | 90,366 |  |  |
Stockholders' Equity |  |  |  |  |
Common stock | 118,733 |  |  | 117,532 |  |  |
Additional paid‑in capital | 242,114 |  |  | 237,341 |  |  |
Retained earnings | 363,635 |  |  | 266,628 |  |  |
Accumulated other comprehensive income | 5,729 |  |  | 25,649 |  |  |
Total stockholders' equity | 730,211 |  |  | 647,150 |  |  |
Total liabilities and stockholders' equity | $ | 820,087 |  |  | $ | 737,516 |  |  |
Condensed Statements of Income |
(Dollars in thousands) | Years Ended December 31,
Condensed Statements of Income | 2021 |  | 2020 |  | 2019
Income: |  |  |  |  |
Dividends from subsidiaries | $ | 19,200 |  |  | $ | 17,250 |  |  | $ | 17,500 |
Other | 1,608 |  |  | 12 |  |  | 470 |
Total income | 20,808 |  |  | 17,262 |  |  | 17,970 |
Expenses: |  |  |  |  |
Interest expense | 4,313 |  |  | 1,333 |  |  | 563 |
Salaries and employee benefits | 221 |  |  | 214 |  |  | 728 |
Other | 1,079 |  |  | 1,182 |  |  | 1,565 |
Total expenses | 5,613 |  |  | 2,729 |  |  | 2,856 |
Income before income taxes and equity in undistributed net income of subsidiaries | 15,195 |  |  | 14,533 |  |  | 15,114 |
Income tax benefit | 762 |  |  | 549 |  |  | 502 |
Income before equity in undistributed net income of subsidiaries | 15,957 |  |  | 15,082 |  |  | 15,616 |
Equity in undistributed net income of subsidiaries | 92,589 |  |  | 21,275 |  |  | 38,266 |
Net income | $ | 108,546 |  |  | $ | 36,357 |  |  | $ | 53,882 |
Condensed Statements of Cash Flows |
(Dollars in thousands) | Years Ended December 31, |
Condensed Statements of Cash Flows | 2021 |  | 2020 |  | 2019 |
Cash flows from operating activities: |  |  |  |  |  |
Net income | $ | 108,546 |  |  | $ | 36,357 |  |  | $ | 53,882 |  |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Deferred income taxes | 7 |  |  | (1) |  |  | 9 |  |
Equity in undistributed net income of subsidiaries | (92,589) |  |  | (21,275) |  |  | (38,266) |  |
Amortization of subordinated indebtedness discount | 147 |  |  | 58 |  |  | 28 |  |
Other, net | (5,898) |  |  | 3,633 |  |  | 130 |  |
Net cash provided by operating activities | 10,213 |  |  | 18,772 |  |  | 15,783 |  |
Cash flows from investing activities: |  |  |  |  |  |
Lincoln Agency and Pulley-White acquisitions | (7,457) |  |  | — |  |  | — |  |
Capital contributed to subsidiaries | — |  |  | (51,000) |  |  | — |  |
Net purchases of non-marketable equity securities held in other financial institutions | (3,612) |  |  | — |  |  | — |  |
Capital calls on limited partnership investments | (513) |  |  | — |  |  | — |  |
Net cash used in investing activities | (11,582) |  |  | (51,000) |  |  | — |  |
Cash flows from financing activities: |  |  |  |  |  |
Dividends paid | (11,525) |  |  | (8,854) |  |  | (5,863) |  |
Cash received on exercise of stock options | 146 |  |  | 248 |  |  | 166 |  |
Proceeds from issuance of subordinated indebtedness | — |  |  | 78,556 |  |  | — |  |
Payment to repurchase common stock | (1,256) |  |  | (723) |  |  | (10,059) |  |
Net cash provided by (used by) financing activities | (12,635) |  |  | 69,227 |  |  | (15,756) |  |
Net increase (decrease) in cash and cash equivalents | (14,004) |  |  | 36,999 |  |  | 27 |  |
Cash and cash equivalents at beginning of year | 42,908 |  |  | 5,909 |  |  | 5,882 |  |
Cash and cash equivalents at end of year | $ | 28,904 |  |  | $ | 42,908 |  |  | $ | 5,909 |  |

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