Condensed Parent Company Only Financial Statements (Tables)

12 Months Ended

Dec. 31, 2024

Condensed Financial Information Disclosure [Abstract]

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