Slide 1: 1Q22 Investor Presentation
ORIGIN BANCORP, INC. _______ 1Q 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: $2,772 Deposits: $3,180 LOUISIANA Entry: 1912 Loans: $1,350 Deposits: $2,958 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 Summary
ORIGIN BANCORP, INC. _______ Balance Sheet 1Q22 4Q21 1Q21 Linked Qtr $ Δ Linked Qtr % Δ YoY $ Δ YoY % Δ Total Loans Held for Investment ("LHFI") $ 5,194,406 $ 5,231,331 $ 5,849,760 $ (36,925) (0.7) % $ (655,354) (11.2) % Total Assets 8,112,295 7,861,285 7,563,175 251,010 3.2 549,120 7.3 Total Deposi
Slide 6: Trending Key Measures
ORIGIN BANCORP, INC. _______ TRENDING KEY MEASURES 47,785 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 Total Revenues ($) UNAUDITED Diluted EPS ($)Net Income ($) Total LHFI excluding PPP and MW LOC ($) Total Deposits ($) 0.53 0.87 2Q 18 3Q 18 4Q 18
Slide 7: Trending Key Measures Continued
ORIGIN BANCORP, INC. _______ TRENDING KEY MEASURES CONTINUED Pre-Tax Pre-Provision Earnings ($)(1) Efficiency Ratio (%) 62.53 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 UNAUDITED 15,773 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 4
Slide 8: Texas Growth Story
ORIGIN BANCORP, INC. _______ 8 1,741 1,956 2,247 2,620 2,750 1,067 1,127 1,343 1,545 1,549 674 829 904 1,075 1,200 DFW Houston 2018 2019 2020 2021 1Q2022 Deposit Trends by Texas Market ($) (2) Loan Trends by Texas Market ($) (1) TEXAS GROWTH STORY Texas Franchise Highlights DOLLARS IN MILLIONS, UNAU
Slide 9: Organic Loan Growth
ORIGIN BANCORP, INC. _______ 9 ORGANIC LOAN GROWTH 3,581 3,869 4,094 4,498 4,659 2018 2019 2020 2021 1Q2022 2,000 3,000 4,000 5,000 LHFI Key Data DOLLARS IN MILLIONS, UNAUDITED IDT • Remaining net deferred loan fees on PPP: $736,000 • Remaining PPP loan balances: $32.2 million • PPP total loan origi
Slide 10: Well Diversified Loan Portfolio
ORIGIN BANCORP, INC. _______ Commercial & Industrial ("C&I") 26% Owner Occupied Construction/Land/ Land Development ("C&D"): 3% Owner Occupied Commercial Real Estate ("CRE"): 11% MW LOC: 10%Non-Owner Occupied C&D: 8% Non- Owner Occupied CRE: 24% Residential Real Estate & Consumer 18% MW LOC: 10% Rea
Slide 11: Deposit Trends
ORIGIN BANCORP, INC. _______ 11 3,076 3,547 3,658 3,616 3,976 1,701 1,838 1,966 2,111 2,218656 582 562 5355,870 6,244 6,206 6,289 6,729 Interest-bearing Noninterest-bearing Time Deposits Brokered 1Q21 2Q21 3Q21 4Q21 1Q22 Average Deposits ($) DEPOSIT TRENDS 0.95 0.78 0.67 0.59 0.54 0.37 0.31 0.30 0.2
Slide 12: Supporting Our Customers - Leveraging Technology
ORIGIN BANCORP, INC. _______ 12 MOBILE FEATURE ADOPTION RATES(1) SUPPORTING OUR CUSTOMERS - LEVERAGING TECHNOLOGY ZELLE® USERS 29.1% GROWTH ZELLE® TRANSFERS 37.2% GROWTH 34.2% TRANSFER ADOPTION % ORIGIN BANK 29.2% INDUSTRY BENCHMARK 23.5% DEPOSIT ADOPTION % ORIGIN BANK 17.1% INDUSTRY BENCHMARK 7.0%
Slide 13: Credit Quality
ORIGIN BANCORP, INC. _______ 1.81 1.66 1.52 1.35 1.36 Classified LHFI / Total LHFI excl. PPP Loans (%) Net Charge-Offs / Average LHFI excl. PPP Loans (annualized) (%) 1Q21 2Q21 3Q21 4Q21 1Q22 0.23 0.23 0.24 0.22 0.14 0.63 0.61 0.49 0.49 0.410.50 0.61 0.52 0.50 0.42 Nonperforming LHFI / LHFI excl. PP
Slide 14: Yields, Costs and LHFI Profile
ORIGIN BANCORP, INC. _______ 14 LHFI: Fixed \ Variable (by Index) at 03/31/2022 Fixed: 45% Floating: 55% YIELDS, COSTS AND LHFI PROFILE Yield on LHFI (%) 4.03 4.00 4.05 4.11 4.08 3.99 3.97 3.98 3.94 3.95 3.25 3.25 3.25 3.25 3.29 0.12 0.10 0.09 0.09 0.23 Yield on LHFI Yield on LHFI excl. PPP Loans Av
Slide 15: Net Interest Income and NIM Trends
ORIGIN BANCORP, INC. _______ 15 DOLLARS IN THOUSANDS, UNAUDITED 55,239 54,292 52,541 54,180 52,502 40,394 41,323 42,884 45,035 46,2028,707 7,416 5,962 5,385 3,897 6,138 5,553 3,695 3,760 2,403 3.22 3.12 3.02 3.06 2.86 3.06 2.97 2.87 2.85 Net Interest Income excl. PPP & MW LOC ($) MW LOC Net Interest
Slide 16: Investment Securities
ORIGIN BANCORP, INC. _______ $1,046 $1,030 $1,133 $1,505 $1,662 1.93% 1.83% 1.76% 1.63% 1.59% Total Securities Yield 1Q21 2Q21 3Q21 4Q21 1Q22 Investment Securities Average Balance and Yield INVESTMENT SECURITIES DOLLARS IN MILLIONS, UNAUDITED • The securities portfolio ended the quarter with a net u
Slide 17: Net Revenue Distribution
ORIGIN BANCORP, INC. _______ Service Charges & Fees Mortgage Banking Revenue Insurance Commission & Fee Income Other 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 17 Net Interest Income Noninterest Income 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2
Slide 18: Noninterest Expense and Efficiency Ratio
ORIGIN BANCORP, INC. _______ 39,436 37,832 39,165 40,346 42,774 22,325 22,354 23,629 24,718 26,488 4,339 4,349 4,353 4,306 4,427 2,173 2,313 2,329 2,302 2,486 1,705 2,154 1,949 1,880 1,305 1,454 1,498 1,598 1,849 1,5607,440 5,164 5,307 5,291 6,508 Salaries and Employee Benefits Occupancy and Equipme
Slide 19: Capital
ORIGIN BANCORP, INC. _______ 8.7 8.9 9.2 9.2 8.8 9.0 9.2 9.5 9.7 9.3 Company Level Bank Level 1Q21 2Q21 3Q21 4Q21 1Q22 10.3 11.2 11.4 11.4 11.310.7 11.6 11.8 12.0 11.9 Company Level Bank Level 1Q21 2Q21 3Q21 4Q21 1Q22 19 CAPITAL Bank Level Company Level Sub-debt Impact 13.9 14.9 15.0 14.8 14.6 13.1
Slide 20: Calculation of Core Deposits
ORIGIN BANCORP, INC. _______ Calculation of Core Deposits: 1Q22 4Q21 3Q21 2Q21 1Q21 4Q20 3Q20 2Q20 Total Deposits $ 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: Time Deposits > $250
Slide 21: Calculation of Tangible Book Value per Common Share
ORIGIN BANCORP, INC. _______ Calculation of Tangible Book Value per Common Share(1): 1Q22 4Q21 3Q21 2Q21 1Q21 Total Common Stockholders' Equity $ 676,794 $ 730,211 $ 705,667 $ 688,235 $ 656,355 Less: Goodwill and Other Intangible Assets, net 50,578 51,330 29,830 30,024 30,246 Tangible Common Equity
Slide 22: Reconciliation of Non-GAAP Financial Measures
ORIGIN BANCORP, INC. _______ 1Q22 4Q21 1Q21 Calculation of PTPP Earnings: Net Income $ 20,683 $ 28,322 $ 25,513 Plus: Provision for Credit Losses (327) (2,647) 1,412 Plus: Income Tax Expense 5,278 4,860 6,009 PTPP Earnings $ 25,634 $ 30,535 $ 32,934 Calculation of PTPP ROAA and PTPP ROAE: PTPP Earni
Slide 23: Important Additional Information and Where to Find It
ORIGIN BANCORP, INC. _______ IMPORTANT ADDITIONAL INFORMATION AND WHERE TO FIND IT In connection with Origin’s proposed merger with BT Holdings, Inc. ("BTH") (the “Transaction”), Origin has filed with the SEC a registration statement on Form S-4 that includes a joint proxy statement of Origin and BT