Slide 1: 2Q22 Investor Presentation
ORIGIN BANCORP, INC. _______ 2Q TWENTY22 INVESTOR PRESENTATION ORIGIN BANCORP, INC.
Slide 2: Forward-Looking Statements
ORIGIN BANCORP, INC. _______ This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information regarding Origin Bancorp, Inc.'s ("Origin" or the "Company") future financial performa
Slide 3: Origin Company Snapshot
ORIGIN BANCORP, INC. _______ 9 11 19 6 TEXAS Entry: DFW 2008 | Houston 2013 Loans: $3,005 Deposits: $2,798 LOUISIANA Entry: 1912 Loans: $1,397 Deposits: $2,902 DOLLARS IN MILLIONS, UNAUDITED (1) (2) 3 ORIGIN COMPANY SNAPSHOT • Origin Bancorp, Inc., the holding company for Origin Bank, is headquarter
Slide 4: A Unique & Defined Culture
ORIGIN BANCORP, INC. _______ 4 A UNIQUE & DEFINED CULTURE
Slide 5: Financial Summary: Balance Sheet and Income Statement
ORIGIN BANCORP, INC. _______ QTD YTD Balance Sheet 2Q22 1Q22 Linked Qtr % Δ 2Q21 YoY % Δ 2Q22 2Q21 YoY % Δ Total Loans Held for Investment ("LHFI") $ 5,528,093 $ 5,194,406 6.4 % $ 5,396,306 2.4 % $ 5,528,093 $ 5,396,306 2.4 % Total Assets 8,111,524 8,112,295 — 7,268,068 11.6 8,111,524 7,268,068 11.6
Slide 6: Trending Key Measures
ORIGIN BANCORP, INC. _______ TRENDING KEY MEASURES 47,785 73,720 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 1Q 22 2Q 22 Total Revenues ($) UNAUDITED Diluted EPS ($)Net Income ($) Total LHFI excluding PPP and MW LOC ($) Total Deposits ($) 0.53 0.90 2Q 18
Slide 7: Trending Key Measures Continued
ORIGIN BANCORP, INC. _______ TRENDING KEY MEASURES CONTINUED Pre-Tax Pre-Provision Earnings ($)(1) Efficiency Ratio (%) 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 1Q 22 2Q 22 UNAUDITED 15,773 29,570 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Slide 8: Texas Growth Story
ORIGIN BANCORP, INC. _______ 8 1,741 1,956 2,247 2,620 3,005 1,067 1,127 1,343 1,545 1,711 674 829 904 1,075 1,294 DFW Houston 2018 2019 2020 2021 2Q2022 Deposit Trends by Texas Market ($) (2) Loan Trends by Texas Market ($) (1) TEXAS GROWTH STORY Texas Franchise Highlights DOLLARS IN MILLIONS, UNAU
Slide 9: Bank + BTH Enhancing Our Texas Franchise
ORIGIN BANCORP, INC. _______ ORIGIN BANK + BTH —— ENHANCING —— OUR TEXAS FRANCHISE • Shared cultures and business models focused on relationship banking leading to seamless integration • Compelling footprint expansion along I-20 corridor in East Texas with meaningful overlap in DFW • Significant opp
Slide 10: Organic Loan Growth
ORIGIN BANCORP, INC. _______ 10 ORGANIC LOAN GROWTH 3,581 3,869 4,094 4,498 4,995 2018 2019 2020 2021 2Q2022 2,000 3,000 4,000 5,000 LHFI Key Data DOLLARS IN MILLIONS, UNAUDITED IDT 582632 • LHFI, excluding PPP and mortgage warehouse lines of credit, increased 39.5% from 12/31/2018, with a CAGR of 1
Slide 11: Well Diversified Loan Portfolio
ORIGIN BANCORP, INC. _______ MW LOC: 10% Real Estate & Construction: 8% Finance & Insurance: 6% Transportation Svcs: 4% Commercial Svcs: 2% Retail Dealers: 2% Retail Shopping: 2% Restaurants: 2% Professional Svcs: 1% Consumer Svcs: 1% Banks: 1% Healthcare: 1% Materials&Commodities: 1% Entertainment:
Slide 12: Deposit Trends
ORIGIN BANCORP, INC. _______ 12 3,547 3,658 3,616 3,976 3,767 1,838 1,966 2,111 2,218 2,289 582 562 535 503 6,244 6,206 6,289 6,729 6,559 Interest-bearing Demand Noninterest-bearing Time Deposits Brokered 2Q21 3Q21 4Q21 1Q22 2Q22 Average Deposits ($) DEPOSIT TRENDS 0.78 0.67 0.59 0.54 0.49 0.31 0.30
Slide 13: Credit Quality
ORIGIN BANCORP, INC. _______ 1.66 1.52 1.35 1.36 0.94 Classified LHFI / Total LHFI excl. PPP Loans (%) Net Charge-Offs / Average LHFI excl. PPP Loans (annualized) (%) 2Q21 3Q21 4Q21 1Q22 2Q22 0.23 0.24 0.22 0.14 0.12 0.61 0.49 0.49 0.41 0.25 0.61 0.52 0.50 0.42 0.13 Nonperforming LHFI / LHFI excl. P
Slide 14: Yields, Costs and LHFI Profile
ORIGIN BANCORP, INC. _______ $1,896 $1 $12 $6 $10 $— At O r Abo ve Fl oo rs Belo w Fl oo r B y 1-2 5 b ps Belo w Fl oo r B y 26 -50 bp s Belo w Fl oo r B y 51 -75 bp s Belo w Fl oo r B y 76 -10 0 b ps Belo w Fl oo r B y >1 00 bp s $0 $1,000 $2,000 $3,000 $1.93 billion - total $1.90 billion 100% Beta
Slide 15: Net Interest Income and NIM Trends
ORIGIN BANCORP, INC. _______ 15 DOLLARS IN THOUSANDS, UNAUDITED 54,292 52,541 54,180 52,502 59,504 41,323 42,884 45,035 46,202 54,241 7,416 5,962 5,385 3,897 4,544 5,553 3,695 3,760 2,403 719 3.12 3.02 3.06 2.86 3.23 2.97 2.87 2.85 2.70 3.14 Net Interest Income excl. PPP & MW LOC ($) MW LOC Net Inte
Slide 16: Investment Securities
ORIGIN BANCORP, INC. _______ 1,030 1,133 1,505 1,662 1,869 1.83 1.76 1.63 1.59 1.85 Total Securities ($) Yield (%) 2Q21 3Q21 4Q21 1Q22 2Q22 Investment Securities Average Balance and Yield INVESTMENT SECURITIES DOLLARS IN MILLIONS, UNAUDITED • The available for sale securities portfolio ended the 2Q2
Slide 17: Net Revenue Distribution
ORIGIN BANCORP, INC. _______ Service Charges & Fees Mortgage Banking Revenue Insurance Commission & Fee Income Other 2Q183Q184Q181Q192Q193Q194Q191Q20 2Q203Q204Q201Q212Q213Q214Q211Q222Q22 17 Net Interest Income Noninterest Income 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4
Slide 18: Noninterest Expense Analysis
ORIGIN BANCORP, INC. _______ 37,832 39,165 40,346 42,774 44,150 22,354 23,629 24,718 26,488 27,319 4,349 4,353 4,306 4,427 4,514 2,313 2,329 2,302 2,486 2,641 2,154 1,949 1,880 1,305 1,517 1,498 1,598 1,849 1,560 2,163 5,164 5,307 5,291 6,508 5,996 Salaries and Employee Benefits Occupancy and Equipm
Slide 19: Capital
ORIGIN BANCORP, INC. _______ 8.9 9.2 9.2 8.8 9.1 9.2 9.5 9.7 9.3 9.5 Company Level Bank Level 2Q21 3Q21 4Q21 1Q22 2Q22 11.2 11.4 11.4 11.3 10.9 11.6 11.8 12.0 11.9 11.4 Company Level Bank Level 2Q21 3Q21 4Q21 1Q22 2Q22 19 CAPITAL Bank Level Company Level Sub-debt Impact 14.9 15.0 14.8 14.6 14.0 13.9
Slide 20: Calculation of Core Deposits
ORIGIN BANCORP, INC. _______ Calculation of Core Deposits: 2Q22 1Q22 4Q21 3Q21 2Q21 1Q21 4Q20 3Q20 2Q20 Total Deposits $ 6,303,158 $ 6,767,179 $ 6,570,693 $ 6,158,768 $ 6,028,352 $ 6,346,194 $ 5,751,315 $ 5,935,925 $ 5,372,222 Less: Brokered Deposits — — — — — 571,673 431,180 835,902 490,881 Less: T
Slide 21: Calculation of Tangible Book Value per Common Share
ORIGIN BANCORP, INC. _______ Calculation of Tangible Book Value per Common Share(1): 2Q22 1Q22 4Q21 3Q21 2Q21 1Q21 4Q20 3Q20 2Q20 Total Common Stockholders' Equity $ 646,373 $ 676,865 $ 730,211 $ 705,667 $ 688,235 $ 656,355 $ 647,150 $ 627,637 $ 614,781 Less: Goodwill and Other Intangible Assets, ne
Slide 22: Reconciliation of Non-GAAP Financial Measures
ORIGIN BANCORP, INC. _______ 2Q22 1Q22 2Q21 Calculation of PTPP Earnings: Net Income $ 21,311 $ 20,683 $ 27,733 Plus: Provision for Credit Losses 3,452 (327) (5,609) Plus: Income Tax Expense 4,807 5,278 6,774 PTPP Earnings $ 29,570 $ 25,634 $ 28,898 Calculation of PTPP ROAA and PTPP ROAE: PTPP Earni
Slide 23: Six Months Non-GAAP Reconciliation
ORIGIN BANCORP, INC. _______ Six Months Ended June 30, 2022 June 30, 2021 Calculation of PTPP Earnings: Net Income $ 41,994 $ 53,246 Plus: Provision for Credit Losses 3,125 (4,197) Plus: Income Tax Expense 10,085 12,783 PTPP Earnings $ 55,204 $ 61,832 Calculation of PTPP ROAA and PTPP ROAE: PTPP Ear