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Employee Retirement Plan - 401(k)
12 Months Ended
Dec. 31, 2021
Retirement Benefits [Abstract]  
Employee Retirement Plan - 401(k)
Note 14 - Employee Retirement Plan - 401(k)
Defined Contribution Retirement Plan
The Company maintains the Origin Bancorp, Inc. Employee Retirement Plan (the "Retirement Plan") that is a defined contribution benefit plan, that allows contributions under section 401(k) of the Internal Revenue Code. The Retirement Plan covers substantially all employees who meet certain other requirements and employment classification criteria. Under the provisions of the Retirement Plan, the Company may make discretionary matching contributions on a percentage, not to exceed 6%, of a participant's elective deferrals. Any percentage(s) determined by the Company shall apply to all eligible persons for the entire plan year. Historically, the Company has matched 50% of the first 6% of eligible compensation deferred by a participant. Eligible compensation includes salaries, wages, overtime and bonuses, and excludes expense reimbursements and fringe benefits. In addition, the Company may make additional discretionary contributions out of current or accumulated net profit. Matching contributions are invested as directed by the participant. The total of the Company's contributions may not exceed limitations set forth in the Retirement Plan document or the maximum deductible under the Internal Revenue Code.
Although it has not expressed any intention to do so, the Company has the right to terminate the Retirement Plan at any time. The total expense related to the Retirement Plan, including optional contributions, was $2.1 million, $2.0 million and $1.8 million for the years ended December 31, 2021, 2020 and 2019, respectively.
Other Benefit Plans
The Company has established non-qualified defined benefit plans for some of its key executives for which deferred compensation liabilities are recorded as a component of accrued expenses and other liabilities in the accompanying consolidated balance sheets. The deferred compensation liability was $10.4 million and $11.3 million at December 31, 2021 and 2020, respectively. The expense recorded for the deferred compensation plan totaled $1.1 million, $1.9 million, and $1.2 million for the years ended December 31, 2021, 2020 and 2019, respectively.