XML 61 R49.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Condensed Parent Company Only Financial Statements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheets | Financial statements of Origin Bancorp, Inc. (parent company only) are as follows:
(Dollars in thousands) | December 31, |  |
Condensed Balance Sheets | 2023 |  | 2022 |  |
Assets |  |  |  |  |
Cash and cash equivalents | $ | 87,698 |  |  | $ | 99,810 |  |  |
Investment in affiliates/subsidiaries | 1,069,967 |  |  | 995,507 |  |  |
Other assets | 33,478 |  |  | 19,840 |  |  |
Total assets | $ | 1,191,143 |  |  | $ | 1,115,157 |  |  |
Liabilities and Stockholders’ Equity |  |  |  |  |
Short-term borrowings | $ | — |  |  | $ | 30,000 |  |  |
Subordinated indebtedness, net | 125,078 |  |  | 132,661 |  |  |
Accrued expenses and other liabilities | 3,160 |  |  | 2,553 |  |  |
Total liabilities | 128,238 |  |  | 165,214 |  |  |
Stockholders’ Equity |  |  |  |  |
Common stock | 154,931 |  |  | 153,733 |  |  |
Additional paid‑in capital | 528,578 |  |  | 520,669 |  |  |
Retained earnings | 500,419 |  |  | 435,416 |  |  |
Accumulated other comprehensive loss | (121,023) |  |  | (159,875) |  |  |
Total stockholders’ equity | 1,062,905 |  |  | 949,943 |  |  |
Total liabilities and stockholders’ equity | $ | 1,191,143 |  |  | $ | 1,115,157 |  |  |
Schedule of Condensed Statements of Income |
(Dollars in thousands) | Years Ended December 31,
Condensed Statements of Income | 2023 |  | 2022 |  | 2021
Income: |  |  |  |  |
Dividends from subsidiaries | $ | 53,150 |  |  | $ | 17,500 |  |  | $ | 19,200 |
Other | 10,945 |  |  | 408 |  |  | 1,608 |
Total income | 64,095 |  |  | 17,908 |  |  | 20,808 |
Expenses: |  |  |  |  |
Interest expense | 7,515 |  |  | 5,612 |  |  | 4,313 |
Salaries and employee benefits | 370 |  |  | 220 |  |  | 221 |
Other | 1,708 |  |  | 4,915 |  |  | 1,079 |
Total expenses | 9,593 |  |  | 10,747 |  |  | 5,613 |
Income before income taxes and equity in undistributed net income of subsidiaries | 54,502 |  |  | 7,161 |  |  | 15,195 |
Income tax (expense) benefit | (943) |  |  | 3,359 |  |  | 762 |
Income before equity in undistributed net income of subsidiaries | 53,559 |  |  | 10,520 |  |  | 15,957 |
Equity in undistributed net income of subsidiaries | 30,241 |  |  | 77,195 |  |  | 92,589 |
Net income | $ | 83,800 |  |  | $ | 87,715 |  |  | $ | 108,546 |
Schedule of Condensed Statements of Cash Flows |
(Dollars in thousands) | Years Ended December 31, |
Condensed Statements of Cash Flows | 2023 |  | 2022 |  | 2021 |
Cash flows from operating activities: |  |  |  |  |  |
Net income | $ | 83,800 |  |  | $ | 87,715 |  |  | $ | 108,546 |  |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Deferred income taxes | 4,451 |  |  | (2,254) |  |  | 7 |  |
Equity in undistributed net income of subsidiaries | (30,241) |  |  | (77,195) |  |  | (92,589) |  |
Amortization of subordinated indebtedness discount including purchase accounting adjustment | 220 |  |  | 181 |  |  | 147 |  |
Gain on equity securities without a readily determinable fair value | (10,096) |  |  | — |  |  | — |  |
Gain on repurchase of subordinated debentures | (471) |  |  | — |  |  | — |  |
Other, net | (4,540) |  |  | 4,805 |  |  | (5,898) |  |
Net cash provided by operating activities | 43,123 |  |  | 13,252 |  |  | 10,213 |  |
Cash flows from investing activities: |  |  |  |  |  |
Lincoln Agency, LLC and Pulley-White Insurance Agency acquisitions | — |  |  | — |  |  | (7,457) |  |
BTH acquisition | — |  |  | 44,265 |  |  | — |  |
Net purchases of non-marketable equity securities held in other financial institutions | — |  |  | — |  |  | (3,612) |  |
Capital calls on limited partnership investments | (2,454) |  |  | (3,722) |  |  | (513) |  |
Net cash (used in) provided by investing activities | (2,454) |  |  | 40,543 |  |  | (11,582) |  |
Cash flows from financing activities: |  |  |  |  |  |
Proceeds from short-term borrowings | — |  |  | 30,000 |  |  | — |  |
Repayments on short-term borrowings | (30,000) |  |  | — |  |  | — |  |
Dividends paid | (18,567) |  |  | (15,887) |  |  | (11,525) |  |
Cash received on exercise of stock options | 3,140 |  |  | 2,998 |  |  | 146 |  |
Repurchase of subordinated debentures, net | (4,729) |  |  | — |  |  | — |  |
Maturities of subordinated debentures | (2,625) |  |  | — |  |  | — |  |
Net cash (used in) provided by financing activities | (52,781) |  |  | 17,111 |  |  | (12,635) |  |
Net (decrease) increase in cash and cash equivalents | (12,112) |  |  | 70,906 |  |  | (14,004) |  |
Cash and cash equivalents at beginning of year | 99,810 |  |  | 28,904 |  |  | 42,908 |  |
Cash and cash equivalents at end of year | $ | 87,698 |  |  | $ | 99,810 |  |  | $ | 28,904 |  |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration