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Condensed Parent Company Only Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2024
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 | 2024 |  | 2023 |  |
Assets |  |  |  |  |
Cash and cash equivalents | $ | 47,876 |  |  | $ | 87,698 |  |  |
Investment in affiliates/subsidiaries | 1,138,466 |  |  | 1,069,967 |  |  |
Other assets | 53,001 |  |  | 33,478 |  |  |
Total assets | $ | 1,239,343 |  |  | $ | 1,191,143 |  |  |
Liabilities and Stockholders’ Equity |  |  |  |  |
Subordinated indebtedness, net | $ | 90,641 |  |  | $ | 125,078 |  |  |
Accrued expenses and other liabilities | 3,457 |  |  | 3,160 |  |  |
Total liabilities | 94,098 |  |  | 128,238 |  |  |
Stockholders’ Equity |  |  |  |  |
Common stock | 155,988 |  |  | 154,931 |  |  |
Additional paid‑in capital | 537,366 |  |  | 528,578 |  |  |
Retained earnings | 557,920 |  |  | 500,419 |  |  |
Accumulated other comprehensive loss | (106,029) |  |  | (121,023) |  |  |
Total stockholders’ equity | 1,145,245 |  |  | 1,062,905 |  |  |
Total liabilities and stockholders’ equity | $ | 1,239,343 |  |  | $ | 1,191,143 |  |  |
Schedule of Condensed Statements of Income |
(Dollars in thousands) | Years Ended December 31,
Condensed Statements of Income | 2024 |  | 2023 |  | 2022
Income: |  |  |  |  |
Dividends from subsidiaries | $ | 36,250 |  |  | $ | 53,150 |  |  | $ | 17,500 |
Other | 5,802 |  |  | 10,945 |  |  | 408 |
Total income | 42,052 |  |  | 64,095 |  |  | 17,908 |
Expenses: |  |  |  |  |
Interest expense | 4,670 |  |  | 7,515 |  |  | 5,612 |
Salaries and employee benefits | 6,125 |  |  | 370 |  |  | 220 |
Other | 1,835 |  |  | 1,708 |  |  | 4,915 |
Total expenses | 12,630 |  |  | 9,593 |  |  | 10,747 |
Income before income taxes and equity in undistributed net income of subsidiaries | 29,422 |  |  | 54,502 |  |  | 7,161 |
Income tax (expense) benefit | 1,436 |  |  | (943) |  |  | 3,359 |
Income before equity in undistributed net income of subsidiaries | 30,858 |  |  | 53,559 |  |  | 10,520 |
Equity in undistributed net income of subsidiaries | 45,634 |  |  | 30,241 |  |  | 77,195 |
Net income | $ | 76,492 |  |  | $ | 83,800 |  |  | $ | 87,715 |
Schedule of Condensed Statements of Cash Flows |
(Dollars in thousands) | Years Ended December 31, |
Condensed Statements of Cash Flows | 2024 |  | 2023 |  | 2022 |
Cash flows from operating activities: |  |  |  |  |  |
Net income | $ | 76,492 |  |  | $ | 83,800 |  |  | $ | 87,715 |  |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Deferred income taxes | 1,229 |  |  | 4,451 |  |  | (2,254) |  |
Equity in undistributed net income of subsidiaries | (45,634) |  |  | (30,241) |  |  | (77,195) |  |
Amortization of subordinated indebtedness discount including purchase accounting adjustment | 224 |  |  | 220 |  |  | 181 |  |
Gain on equity securities without a readily determinable fair value | (5,188) |  |  | (10,096) |  |  | — |  |
Gain on repurchase of subordinated debentures | (81) |  |  | (471) |  |  | — |  |
Other, net | (2,039) |  |  | (4,540) |  |  | 4,805 |  |
Net cash provided by operating activities | 25,003 |  |  | 43,123 |  |  | 13,252 |  |
Cash flows from investing activities: |  |  |  |  |  |
BTH acquisition | — |  |  | — |  |  | 44,265 |  |
Purchases of non-marketable equity securities held in other financial institutions | (12,373) |  |  | — |  |  | — |  |
Capital calls on limited partnership investments | (982) |  |  | (2,454) |  |  | (3,722) |  |
Net cash (used in) provided by investing activities | (13,355) |  |  | (2,454) |  |  | 40,543 |  |
Cash flows from financing activities: |  |  |  |  |  |
Proceeds from short-term borrowings | — |  |  | — |  |  | 30,000 |  |
Repayments on short-term borrowings | — |  |  | (30,000) |  |  | — |  |
Dividends paid | (18,745) |  |  | (18,567) |  |  | (15,887) |  |
Cash received on exercise of stock options | 1,874 |  |  | 3,140 |  |  | 2,998 |  |
Repurchase of subordinated debentures | (34,599) |  |  | (4,729) |  |  | — |  |
Maturities of subordinated debentures | — |  |  | (2,625) |  |  | — |  |
Net cash (used in) provided by financing activities | (51,470) |  |  | (52,781) |  |  | 17,111 |  |
Net (decrease) increase in cash and cash equivalents | (39,822) |  |  | (12,112) |  |  | 70,906 |  |
Cash and cash equivalents at beginning of year | 87,698 |  |  | 99,810 |  |  | 28,904 |  |
Cash and cash equivalents at end of year | $ | 47,876 |  |  | $ | 87,698 |  |  | $ | 99,810 |  |

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