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Capital and Regulatory Matters | 12 Months Ended
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Dec. 31, 2021
Banking Regulation [Abstract] |
Capital and Regulatory Matters | Note 17 - Capital and Regulatory Matters The Company (on a consolidated basis) and the Bank are subject to various regulatory capital requirements administered by federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company's consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. The Company is subject to the Basel III regulatory capital framework ("Basel III Capital Rules"), which includes a 2.5% capital conservation buffer. The capital conservation buffer is designed to absorb losses during periods of economic stress and requires increased capital levels for the purpose of capital distributions and other payments. Failure to meet the full amount of the buffer will result in restrictions on the Company's ability to make capital distributions, which includes dividend payments, and stock repurchases and to pay discretionary bonuses to executive officers. Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios (set forth in the table below) of total, common equity Tier 1 capital, Tier 1 capital, Tier 1 capital, and total capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average total consolidated assets (as defined). Management believes, at December 31, 2021 and 2020, that the Company and the Bank met all capital adequacy requirements to which they are subject, including the capital buffer requirement. At December 31, 2021 and 2020, the Bank's capital ratios exceeded those levels necessary to be categorized as "well capitalized" under the regulatory framework for prompt corrective action. To be categorized as "well capitalized," the Bank must maintain minimum total risk-based, common equity Tier 1 capital, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the table below. A final rule adopted by the federal banking agencies in February 2019 provides banking organizations with the option to phase in, over a three-year period, the adverse day-one regulatory capital effects of the adoption of CECL. In addition, on March 27, 2020, the federal banking agencies issued an interim final rule that gives banking organizations that were required to implement CECL before the end of 2020 the option to delay for two years CECL’s adverse effects on regulatory capital. Origin elected to adopt CECL in the first quarter of 2020 and exercised the option to delay the estimated impact of the adoption of CECL on the Company's regulatory capital for two years (from January 2020 through December 31, 2021), which resulted in a 14 basis point benefit to the common equity Tier 1 capital to risk-weighted assets capital ratio at December 31, 2021. The two-year delay is followed by a three-year transition period of CECL's initial impact on our regulatory capital (from January 1, 2022 through December 31, 2024). The actual capital amounts and ratios of the Company and Bank at December 31, 2021, and December 31, 2020, are presented in the following table:
(Dollars in thousands) December 31, 2021 | Actual |  | Minimum Capital Required - Basel III |  | To be Well Capitalized Under Prompt Corrective Action Provisions
Common Equity Tier 1 Capital to Risk-Weighted Assets | Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
Origin Bancorp, Inc. | $ | 681,039 |  |  | 11.20 | % |  | $ | 425,475 |  |  | 7.00 | % |  | N/A |  | N/A
Origin Bank | 724,440 |  |  | 11.97 |  |  | 423,819 |  |  | 7.00 |  |  | $ | 393,546 |  |  | 6.50 | %
Tier 1 Capital to Risk-Weighted Assets |  |  |  |  |  |  |  |  |  |  |
Origin Bancorp, Inc. | 690,448 |  |  | 11.36 |  |  | 516,648 |  |  | 8.50 |  |  | N/A |  | N/A
Origin Bank | 724,440 |  |  | 11.97 |  |  | 514,637 |  |  | 8.50 |  |  | 484,365 |  |  | 8.00 |
Total Capital to Risk-Weighted Assets |  |  |  |  |  |  |  |  |  |  |
Origin Bancorp, Inc. | 897,503 |  |  | 14.77 |  |  | 638,212 |  |  | 10.50 |  |  | N/A |  | N/A
Origin Bank | 852,825 |  |  | 14.09 |  |  | 635,727 |  |  | 10.50 |  |  | 605,454 |  |  | 10.00 |
Leverage Ratio |  |  |  |  |  |  |  |  |  |  |
Origin Bancorp, Inc. | 690,448 |  |  | 9.20 |  |  | 300,195 |  |  | 4.00 |  |  | N/A |  | N/A
Origin Bank | 724,440 |  |  | 9.66 |  |  | 299,932 |  |  | 4.00 |  |  | 374,915 |  |  | 5.00 |
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |
Common Equity Tier 1 Capital to Risk-Weighted Assets |  |  |  |  |  |  |  |  |  |  |
Origin Bancorp, Inc. | 604,306 |  |  | 9.95 |  |  | 425,012 |  |  | 7.00 |  |  | N/A |  | N/A
Origin Bank | 637,863 |  |  | 10.53 |  |  | 424,010 |  |  | 7.00 |  |  | 393,724 |  |  | 6.50 |
Tier 1 Capital to Risk-Weighted Assets |  |  |  |  |  |  |  |  |  |  |
Origin Bancorp, Inc. | 613,682 |  |  | 10.11 |  |  | 516,107 |  |  | 8.50 |  |  | N/A |  | N/A
Origin Bank | 637,863 |  |  | 10.53 |  |  | 514,870 |  |  | 8.50 |  |  | 484,583 |  |  | 8.00 |
Total Capital to Risk-Weighted Assets |  |  |  |  |  |  |  |  |  |  |
Origin Bancorp, Inc. | 837,058 |  |  | 13.79 |  |  | 637,539 |  |  | 10.50 |  |  | N/A |  | N/A
Origin Bank | 782,503 |  |  | 12.92 |  |  | 636,019 |  |  | 10.50 |  |  | 605,732 |  |  | 10.00 |
Leverage Ratio |  |  |  |  |  |  |  |  |  |  |
Origin Bancorp, Inc. | 613,682 |  |  | 8.62 |  |  | 284,771 |  |  | 4.00 |  |  | N/A |  | N/A
Origin Bank | 637,863 |  |  | 8.99 |  |  | 283,842 |  |  | 4.00 |  |  | 354,802 |  |  | 5.00 |
In the ordinary course of business, the Company depends on dividends from the Bank to provide funds for the payment of dividends to stockholders and to provide for other cash requirements. Banking regulations may limit the amount of dividends that may be paid. Approval by regulatory authorities is required if the effect of dividends declared would cause the regulatory capital of the Bank to fall below specified minimum levels. Approval is also required if dividends declared and paid exceed the Bank's year-to-date net income combined with the retained net income for the preceding year, which was $110.8 million at December 31, 2021. Stock Repurchases During the first quarter of 2021, the Company repurchased a total of 37,568 shares of its common stock pursuant to its stock buyback program at an average price per share of $33.42, for an aggregate purchase price of $1.3 million. There have been no common stock repurchases since the first quarter of the 2021 year. Prior to December 31, 2020, the Company had cumulatively repurchased an aggregate of 330,868 shares of common stock for a total purchase price of $10.8 million under the stock buyback program. As of December 31, 2021, the Company's board of directors has approved approximately $28.0 million remaining to be purchased under the program.

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- Definition The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1F -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958575-112826 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958569-112826 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1D -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958573-112826 + Details
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