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Condensed Parent Company Only Financial Statements | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Condensed Parent Company Only Financial Statements | 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 |  |  |
(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 |
(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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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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