← Origin Bancorp, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $12.8m | $14.7m | $51.6m | $53.9m | $36.4m | $108.5m | $87.7m | $83.8m | $76.5m | $75.2m | |
| Depreciation and amortization | $7.8m | $5.9m | $5.9m | $6.7m | $6.9m | $6.8m | $12.3m | $17.6m | $16.8m | $16.8m | |
| Net amortization on securities | $1.3m | $1.4m | $1.1m | $975k | $4.6m | $7.8m | $8.7m | $6.9m | $4.8m | $1.1m | |
| Amortization (accretion) of net premium/discount on purchased loans | — | — | — | — | $0 | $0 | ($2.8m) | ($2.0m) | ($2k) | $91k | |
| Amortization of investments in tax credit funds | $2.3m | $2.6m | $1.9m | $1.6m | $1.4m | $1.8m | $1.7m | $1.8m | $1.7m | $1.2m | |
| Deferred income tax (benefit) expense | $1.4m | $4.9m | $5.6m | ($2.6m) | ($11.9m) | $6.3m | $18.3m | $27.7m | ($1.5m) | ($4.5m) | |
| Impairment of right-of-use assets due to branch closures | — | — | — | — | — | — | — | $0 | $0 | ($332k) | |
| Equity method investment loss (gain) | — | — | — | — | — | — | — | ($405k) | ($519k) | $1.2m | |
| Net (gain) loss on disposals of premises and equipment | $198k | ($1.4m) | $75k | $139k | $72k | $82k | ($19k) | $2k | ($878k) | ($85k) | |
| Net change in operating leases | — | — | — | — | — | $124k | ($3k) | ($770k) | $1.9m | $876k | |
| Return of capital and other distributions from equity method investments | $3.6m | $844k | $456k | $503k | $818k | $0 | $6.7m | $1.8m | $1.4m | $595k | |
| Purchase of equity method investment | — | — | — | — | — | — | $0 | $0 | ($800k) | $0 | |
| Transfer from non-marketable securities held in other financial institutions to equity method investments | — | — | — | — | — | — | — | $0 | $0 | $41.6m | |
| Recognition of operating lease liabilities | — | — | — | — | $1.6m | $6.3m | $13.6m | $20.7m | $12.7m | $5.3m | |
| Provision for credit losses | $30.1m | $8.3m | $1.0m | $9.6m | $59.9m | ($10.8m) | $24.7m | $16.8m | $7.4m | $46.3m | |
| Loss on sale of securities, net | ($136k) | $0 | $8k | ($20k) | ($580k) | ($1.7m) | ($1.7m) | $11.6m | $14.8m | $14.4m | |
| Stock-based compensation expense | $1.5m | $1.1m | $1.5m | $2.2m | $2.3m | $2.3m | $3.4m | $5.3m | $7.2m | $8.3m | |
| Originations of mortgage loans held for sale | ($745.3m) | ($500.2m) | ($300.1m) | ($353.1m) | ($659.2m) | ($478.3m) | ($259.2m) | ($187.1m) | ($197.6m) | ($149.0m) | |
| Proceeds from mortgage loans held for sale | $754.7m | $517.3m | $309.2m | $335.0m | $570.3m | $542.6m | $264.6m | $158.4m | $185.3m | $158.2m | |
| Gain on mortgage loans held for sale (including origination of MSR for the year ended December 31, 2023) | — | — | — | — | ($19.2m) | ($17.0m) | ($7.2m) | ($3.8m) | ($4.9m) | ($3.9m) | |
| MSR asset valuation adjustment | — | $6.0m | $963k | $7.0m | $12.7m | $2.6m | ($1.2m) | $4.1m | ($450k) | $0 | |
| Gain on sale of MSR asset | — | — | — | — | — | — | $0 | $0 | ($410k) | $0 | |
| Employee Retention Credit received | — | — | — | — | — | — | — | $0 | $0 | $1.9m | |
| Gain on equity securities without a readily determinable fair value | $0 | $0 | ($2.0m) | ($367k) | $0 | ($19k) | $0 | ($10.1m) | ($5.2m) | ($7.0m) | |
| Net loss (gain) on sales and write-downs of other real estate owned | $328k | $398k | $95k | $194k | $1.1m | $103k | $194k | ($66k) | ($67k) | $796k | |
| Increase in other assets | — | — | — | — | — | $1.7m | ($2.1m) | ($6.6m) | ($1.1m) | ($6.8m) | |
| Increase in other liabilities | — | — | — | — | — | $4.6m | ($1.1m) | $7.3m | $5.0m | $5.1m | |
| Purchases of securities available for sale | $465.7m | ($443.0m) | ($477.5m) | ($94.5m) | ($700.3m) | ($717.0m) | ($558.1m) | ($11.0m) | ($247.4m) | ($834.9m) | |
| Maturities and pay downs of securities available for sale | $433.4m | $409.2m | $279.2m | $154.5m | $151.9m | $146.9m | $165.3m | $137.8m | $166.8m | $621.9m | |
| Proceeds from sales and calls of securities available for sale | $7.1m | $0 | $20.9m | $27.8m | $64.7m | $44.9m | $487.5m | $291.2m | $231.2m | $248.6m | |
| Maturities, pay downs and calls of securities held to maturity | $513k | $520k | $1.0m | $541k | $415k | $15.2m | $17.8m | $486k | $522k | $534k | |
| Pay downs of securities carried at fair value | $673k | $381k | $414k | $434k | $452k | $3.2m | $275k | $285k | $299k | $315k | |
| Redemption of non-marketable equity securities held in other financial institutions | — | — | — | — | — | — | $0 | $0 | $10.7m | $11.8m | |
| Purchase of non-marketable equity securities held in other financial institutions | $318k | $3.2m | $17.0m | — | — | — | $0 | $0 | ($21.3m) | ($12.4m) | |
| Net (purchases) redemptions of non-marketable equity securities held in other financial institutions | — | — | — | — | — | — | ($15.8m) | $24.0m | ($10.6m) | ($615k) | |
| Originations of mortgage warehouse loans | ($3.7b) | ($4.3b) | ($4.5b) | ($4.3b) | ($13.7b) | ($16.1b) | ($9.1b) | ($6.5b) | ($9.7b) | ($10.2b) | |
| Proceeds from pay-offs of mortgage warehouse loans | $3.7b | $4.3b | $4.5b | $4.2b | $12.9b | $16.6b | $9.5b | $6.4b | $9.7b | $10.1b | |
| Net decrease (increase) in loans, excluding mortgage warehouse and loans held for sale | — | — | — | $290.3m | $788.7m | $55.0m | ($949.6m) | ($499.6m) | $106.9m | $41.9m | |
| Purchase of other intangibles | — | — | — | — | — | — | — | $0 | $0 | ($2.5m) | |
| Proceeds from sale of the MSR asset | — | — | — | — | — | — | $0 | $0 | $15.9m | $0 | |
| Proceeds from bank-owned life insurance | — | — | — | ($4.5m) | $0 | $11k | $0 | $0 | $0 | $250k | |
| Return of capital and other distributions from cost method investments | — | — | — | — | — | — | — | $0 | $0 | $57k | |
| Capital calls on limited partnership investments | ($3.8m) | ($2.2m) | ($2.8m) | ($1.5m) | ($525k) | ($225k) | ($4.1m) | ($2.6m) | ($1.1m) | ($4.4m) | |
| Purchases of premises and equipment | $7.9m | ($3.0m) | ($5.5m) | ($11.2m) | ($7.2m) | ($5.0m) | ($8.5m) | ($26.8m) | ($22.0m) | ($7.9m) | |
| Proceeds from sales of premises and equipment | $44k | $4.4m | $111k | $27k | $0 | $18k | $0 | $49k | $5.6m | $125k | |
| Proceeds from sales of other real estate owned | $1.9m | $3.2m | $516k | $470k | $4.5m | $3.9m | $997k | $93k | $4.4m | $3.0m | |
| Proceeds from termination of cash flow hedge | — | — | — | — | — | — | $0 | $0 | $680k | $0 | |
| Net increase (decrease) in deposits | $55.4m | $68.7m | $271.1m | $445.5m | $1.5b | $819.4m | ($361.4m) | $475.4m | ($28.0m) | $84.1m | |
| Repayments of long-term FHLB advances | — | ($1.3m) | ($51.3m) | ($101.6m) | ($1.9m) | ($13.7m) | ($250.3m) | ($266k) | ($275k) | ($285k) | |
| Proceeds from short-term FHLB advances | — | $0 | $667.1m | $2.8b | $2.1b | $5.7b | $10.0b | $6.1b | $1.7b | $1.4b | |
| Repayments of short-term FHLB advances | — | $0 | ($567.1m) | ($2.8b) | ($1.6b) | ($6.4b) | ($9.5b) | ($6.5b) | ($1.8b) | ($1.4b) | |
| Maturities of subordinated indebtedness | — | — | — | — | — | $0 | $0 | ($2.6m) | $0 | $0 | |
| Repayments of other short-term borrowings | — | — | — | — | — | $0 | ($30.0m) | ($30.0m) | $0 | ($116.7m) | |
| Proceeds from other short-term borrowings | — | — | — | — | — | — | $30.0m | $0 | $0 | $116.7m | |
| Net increase (decrease) in securities sold under agreements to repurchase | $4.9m | $2.7m | $4.1m | ($23.6m) | ($8.3m) | $1.0m | $8.3m | ($20.8m) | ($863k) | $6.9m | |
| Cash received from exercise of stock options | $737k | $123k | $559k | $166k | $248k | $146k | $2.9m | $3.1m | $1.9m | $954k | |
| Federal | — | — | — | — | — | — | — | — | — | $32.0m | |
| State | — | — | — | — | — | — | — | — | — | $2.4m | |
| Real estate acquired in settlement of loans | — | — | — | — | — | — | — | $3.2m | $3.6m | $1.1m | |
| Real estate transferred from fixed assets to other real estate owned | $3.7m | $749k | $1.1m | $1.6m | $2.4m | $3.9m | $675k | $3.2m | $3.6m | $0 | |
| Transfers from other real estate owned to other assets | — | — | — | — | — | — | $0 | $0 | $894k | $194k | |
| Decrease in Government National Mortgage Association repurchase obligation | — | — | — | — | $27.6m | ($12.1m) | ($18.8m) | ($24.6m) | $0 | $0 | |
| Recognition of operating right-of-use assets | — | — | — | — | $1.3m | $5.8m | $13.4m | $20.6m | $11.5m | $4.8m | |
| Net cash provided by operating activities | $54.6m | $62.0m | $77.8m | $61.6m | $887k | $171.5m | $145.6m | $129.9m | $108.5m | $158.9m | |
| Purchase of low-income housing tax credit investments | — | — | — | $0 | $0 | ($1.3m) | ($3.6m) | ($572k) | ($664k) | ($927k) | |
| Unsettled liability for investment purchases recorded at trade date | — | $0 | $0 | $2.7m | $1.5m | $8.2m | $751k | $0 | ($5k) | $0 | |
| Transfers from loans held for sale to loans held for investment | — | — | — | — | — | — | $0 | $0 | $18.6m | $213k | |
| Net cash (used in) provided by investing activities | ($154.7m) | ($197.7m) | ($764.9m) | ($291.2m) | ($2.1b) | $12.9m | ($456.0m) | ($130.0m) | $231.9m | ($113.7m) | |
| Redemption/Repurchase of subordinated indebtedness | — | — | — | — | — | $0 | $0 | ($4.7m) | ($34.6m) | ($148.3m) | |
| Common stock repurchased | — | $0 | $0 | ($10.1m) | ($723k) | ($1.3m) | $0 | $0 | $0 | ($15.8m) | |
| Dividends paid | ($5.8m) | ($7.0m) | ($5.9m) | ($5.9m) | ($8.9m) | ($11.5m) | ($15.9m) | ($18.6m) | ($18.7m) | ($18.9m) | |
| Net cash used in financing activities | — | $63.0m | $616.6m | $404.5m | $2.2b | $144.1m | ($36.3m) | ($78.4m) | ($150.6m) | ($91.3m) | |
| Increase in the cash surrender value of life insurance | ($708k) | ($631k) | ($713k) | ($755k) | ($917k) | ($810k) | ($688k) | ($865k) | ($935k) | ($1.1m) | |
| Net (decrease) increase in cash and cash equivalents | ($16.3m) | ($72.7m) | ($70.5m) | $174.8m | $85.7m | $328.4m | ($346.6m) | ($78.5m) | $189.8m | ($46.0m) | |
| Cash and cash equivalents at beginning of year | $259.9m | $187.2m | $116.7m | $291.5m | $377.2m | $705.6m | $359.0m | $280.4m | $470.2m | $424.2m | |
| Interest paid | $18.6m | $22.7m | $34.4m | $53.2m | $36.4m | $26.3m | $50.1m | $215.5m | $268.5m | $211.8m | |
| Income taxes paid, total | $7.1m | $5.3m | $675k | $10.0m | $25.0m | $21.2m | ($6.3m) | $383k | $24.2m | $34.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.