Slide 1: 4Q and Full Year 2021 Investor Presentation
ORIGIN BANCORP, INC. _______ 4Q AND FULL YEAR TWENTY21 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 10 19 6 TEXAS Entry: DFW 2008 | Houston 2013 Loans: $2,695 Deposits: $3,132 LOUISIANA Entry: 1912 Loans: $1,341 Deposits: $2,850 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: Balance Sheet and Income Statement 4Q21
ORIGIN BANCORP, INC. _______ Balance Sheet 4Q21 3Q21 4Q20 Linked Qtr $ Δ Linked Qtr % Δ YoY $ Δ YoY % Δ Total Loans Held for Investment ("LHFI") $ 5,231,331 $ 5,187,288 $ 5,724,773 $ 44,043 0.8 % $ (493,442) (8.6) % Total Assets 7,861,285 7,470,478 7,628,268 390,807 5.2 233,017 3.1 Total Deposits 6,
Slide 6: Income Statement Year Ended December 31, 2021
ORIGIN BANCORP, INC. _______ Income Statement Year Ended YoY $ Δ YoY % ΔDecember 31, 2021 December 31, 2020 (UNAUDITED) Net Interest Income $ 216,252 $ 191,536 $ 24,716 12.9 % Provision for Credit Losses (10,765) 59,900 (70,665) (118.0) Noninterest Income 62,193 64,652 (2,459) (3.8) Noninterest Expe
Slide 7: Trending Key Measures
ORIGIN BANCORP, INC. _______ TRENDING KEY MEASURES 47,785 70,881 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 Total Revenues ($) UNAUDITED Diluted EPS ($)Net Income ($) Total LHFI excluding PPP and MW LOC ($) Total Deposits ($) 0.53 1.20 2Q 18 3Q 18 4Q 18
Slide 8: Trending Key Measures Continued
ORIGIN BANCORP, INC. _______ TRENDING KEY MEASURES CONTINUED Pre-Tax Pre-Provision Earnings ($)(1) Efficiency Ratio (%) 66.99 56.92 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 UNAUDITED 15,773 30,535 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Slide 9: Texas Growth Story
ORIGIN BANCORP, INC. _______ 9 1,311 1,741 1,956 2,247 2,620 884 1,067 1,127 1,343 1,545 427 674 829 904 1,075 DFW Houston 2017 2018 2019 2020 2021 Deposit Trends by Texas Market ($) (2) Loan Trends by Texas Market ($) (1) TEXAS GROWTH STORY Texas Franchise Highlights DOLLARS IN MILLIONS, UNAUDITED
Slide 10: Organic Loan Growth
ORIGIN BANCORP, INC. _______ 10 ORGANIC LOAN GROWTH 2,986 3,581 3,869 4,094 4,498 2017 2018 2019 2020 2021 2,000 3,000 4,000 5,000 LHFI Key Data DOLLARS IN MILLIONS, UNAUDITED IDT • Remaining net deferred loan fees on PPP: $3.0 million • Remaining PPP loan balances: $105.8 million • PPP total loan o
Slide 11: Deposit Trends
ORIGIN BANCORP, INC. _______ 11 5,884 2,869 3,076 3,547 3,658 3,616 1,686 1,701 1,838 1,966 2,111 678 656 5,870 6,244 6,206 6,289 Interest-bearing Noninterest-bearing Time Deposits Brokered 4Q20 1Q21 2Q21 3Q21 4Q21 Average Deposits ($) DEPOSIT TRENDS 1.20 0.95 0.78 0.67 0.59 0.43 0.37 0.31 0.30 0.28
Slide 12: Well Diversified Loan Portfolio
ORIGIN BANCORP, INC. _______ MW LOC: 12% Real Estate & Construction: 8% Finance & Insurance: 7% Transportation: 3% Retail Dealer: 2% Restaurants: 2% Professional Svcs: 2% Materials&Commodities: 1% Customer Svcs: 1% Banks: 1% Commercial Svcs: 1% Healthcare: 1% Entertainment: 1% Wholesale Distri.: 1%
Slide 13: Supporting Our Customers - Leveraging Technology
ORIGIN BANCORP, INC. _______ 13 MOBILE FEATURE ADOPTION RATES(1) SUPPORTING OUR CUSTOMERS - LEVERAGING TECHNOLOGY ZELLE® USERS 35.1% GROWTH ZELLE® TRANSFERS 51.2% GROWTH 34.0% TRANSFER ADOPTION % ORIGIN BANK 29.2% INDUSTRY BENCHMARK 25.5% DEPOSIT ADOPTION % ORIGIN BANK 19.4% INDUSTRY BENCHMARK 7.2%
Slide 14: Credit Quality
ORIGIN BANCORP, INC. _______ 2.08 1.81 1.66 1.52 1.35 Classified LHFI / Total LHFI excl. PPP Loans (%) Net Charge-Offs / Average LHFI excl. PPP Loans (annualized) (%) 4Q20 1Q21 2Q21 3Q21 4Q21 0.14 0.23 0.23 0.24 0.220.50 0.63 0.61 0.49 0.490.50 0.50 0.61 0.52 0.50 Nonperforming LHFI / LHFI excl. PPP
Slide 15: Yields, Costs and LHFI Profile
ORIGIN BANCORP, INC. _______ 15 LHFI: Fixed \ Variable (by Index) at 12/31/2021 Fixed: 42% 1m LIBOR: 34% Prime: 23% Other indices: 1% YIELDS, COSTS AND LHFI PROFILE Yield on LHFI (%) 3.89 4.03 4.00 4.05 4.114.06 3.99 3.97 3.98 3.94 3.25 3.25 3.25 3.25 3.25 0.15 0.12 0.10 0.09 0.09 Yield on LHFI Yiel
Slide 16: Net Interest Income and NIM Trends
ORIGIN BANCORP, INC. _______ 16 DOLLARS IN THOUSANDS, UNAUDITED 51,819 55,239 54,292 52,541 54,180 39,955 40,394 41,323 42,884 45,035 8,587 8,707 7,416 5,962 5,385 3,277 6,138 5,553 3,695 3,760 3.07 3.22 3.12 3.02 3.06 3.06 3.06 2.97 2.87 2.85 Net Interest Income excl. PPP & MW LOC ($) MW LOC Net In
Slide 17: Net Revenue Distribution
ORIGIN BANCORP, INC. _______ Service Charges & Fees Mortgage Banking Revenue Insurance Commission & Fee Income Other 2Q18 3Q18 4Q181Q19 2Q19 3Q194Q19 1Q20 2Q203Q20 4Q20 1Q212Q21 3Q21 4Q21 17 Net Interest Income Noninterest Income 2Q18 3Q18 4Q18 1Q192Q19 3Q19 4Q19 1Q202Q20 3Q20 4Q201Q21 2Q21 3Q21 4Q2
Slide 18: Noninterest Expense Analysis
ORIGIN BANCORP, INC. _______ 38,884 39,436 37,832 39,165 40,346 22,475 22,325 22,354 23,629 24,718 4,271 4,339 4,349 4,353 4,306 2,178 2,173 2,313 2,329 2,3021,856 1,705 2,154 1,949 1,880 1,472 1,454 1,498 1,598 1,849 6,632 7,440 5,164 5,307 5,291 Salaries and Employee Benefits Occupancy and Equipme
Slide 19: Capital
ORIGIN BANCORP, INC. _______ 8.6 8.7 8.9 9.2 9.2 9.0 9.0 9.2 9.5 9.7 Company Level Bank Level 4Q20 1Q21 2Q21 3Q21 4Q21 10.1 10.3 11.2 11.4 11.410.5 10.7 11.6 11.8 12.0 Company Level Bank Level 4Q20 1Q21 2Q21 3Q21 4Q21 19 CAPITAL Bank Level Company Level Sub-debt Impact 13.8 13.9 14.9 15.0 14.8 12.9
Slide 20: Calculation of Core Deposits
ORIGIN BANCORP, INC. _______ Calculation of Core Deposits: 4Q21 3Q21 2Q21 1Q21 4Q20 3Q20 2Q20 1Q20 Total Deposits $ 6,570,693 $ 6,158,768 $ 6,028,352 $ 6,346,194 $ 5,751,315 $ 5,935,925 $ 5,372,222 $ 4,556,246 Less: Brokered Deposits — — — 571,673 431,180 835,902 490,881 435,138 Less: Time Deposits
Slide 21: Calculation of Tangible Book Value per Common Share
ORIGIN BANCORP, INC. _______ Calculation of Tangible Book Value per Common Share: 4Q21 3Q21 2Q21 1Q21 4Q20 Total Common Stockholders' Equity $ 730,211 $ 705,667 $ 688,235 $ 656,355 $ 647,150 Less: Goodwill and Other Intangible Assets, net 51,330 29,830 30,024 30,246 30,480 Tangible Common Equity $ 6
Slide 22: Reconciliation of Non-GAAP Financial Measures: PTPP Earnings
ORIGIN BANCORP, INC. _______ 4Q21 3Q21 4Q20 Calculation of PTPP Earnings: Net Income $ 28,322 $ 26,978 $ 17,552 Plus: Provision for Credit Losses (2,647) (3,921) 6,333 Plus: Income Tax Expense 4,860 6,242 4,431 PTPP Earnings $ 30,535 $ 29,299 $ 28,316 Calculation of PTPP ROAA and PTPP ROAE: PTPP Ear
Slide 23: Reconciliation of Non-GAAP Financial Measures: Year PTPP
ORIGIN BANCORP, INC. _______ Year Ended December 31, 2021 December 31, 2020 Calculation of PTPP Earnings: Net Income $ 108,546 $ 36,357 Plus: Provision for Credit Losses (10,765) 59,900 Plus: Income Tax Expense 23,885 7,996 PTPP Earnings $ 121,666 $ 104,253 Calculation of PTPP ROAA and PTPP ROAE: Di